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XRP / MEXICAN PESOS

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XRPMXN trade ideas

XRPMXN (Ripple/Mexican Peso) Time for bulls- See how exact is the development between waves 3,4 and 5 from the uptrend ( Wave 1 of the super cycle) and waves 3,4 and 5 from the downtrend (Wave 2 from the super cycle). - Both periods, from wave 3 to 5, took almost the same time (133 candles vs 139 candles). - We have reached a .78 correction level on fibonacci retracement. - We have completed 5 waves of the corrective impulse. - If you can see, there is also a divergence between the price and the RSI Stoch, which could mean a trend reversal signal. - We have closed the lowest price of the trend with a hammer candlestick, which also could mean a trend reversal signal.
Long
by Pepe0722
4
XRP, tal vez un par de semanas, tal vez varias semanas...Precio alto 69.90 el 4 de Enero a las 5am. Precio bajo 10 De enero, 9 de la noche. Actualmente danzando en la zona .0236 del Fibonacci Rompió la zona zaul, la tendrá que volver a tocar. Acarició esa zona amarilla, acercándose a la zona roja. Tal vez la toque por segunda vez. Acarició la zona roja, hay un potencial que la vuelva a tocar. Con paciencia, órdenes de compra: 50% $32-$33 25% $27-29 25% $20 - $22 Si mañana sale de la tendencia bajista, hay grandes posibilidades que entre en consolidación, sin tener que necesariamente subir. XRP tiene la característica de subir, hacer retrace, consolidarse por varias semanas, para posteriormente crecer exponencialmente. Es una excelente inversión, aunque sea a largo plazo.
by SaintJ
3
XRPMXN - Bullish flagI think it's a textbook bullish flag, with an ascending volume on the "pole" and descending on the "flag". Also, measured from the pole, the strong bullish trend didn't retrace more than 50%, which is healthy. Flags are formed because of the consolidation of a very steep trend. I think this correction is healthy, because the price action is testing supports and resistances that we didn't see in the "pole". The price target is a 50% movement from the breaking of the flag's resistance. I would like to see a strong volume in this breakout, though.
Long
by ricsalrod